Demand for highly-skilled IT professionals is heating up in Singapore, with salaries for specialised IT security professionals set to grow well above the national average. The 2017 Robert Half Salary Guide has identified the technology roles that can expect the highest pay gains in terms of starting salaries in 2017.
According to the Robert Half Salary Guide, IT professionals can expect an average starting salary gain of 3.2% in 2017, which is above the national salary growth of 2.7%1 as identified by the Ministry of Manpower, suggesting companies are willing to pay competitively for top IT talent.
With pay being a significant motivator in Singapore, about half (51%) of Singapore’s IT workforce believe they are not being paid a fair salary considering their job responsibilities, with just under half (47%) saying their pay is not in proportion with their daily workload.
As technology is now a major business focus, workloads have increased, highlighting the need for companies to continuously review their staff’s remuneration packages to ensure high workloads are offset by a competitive salary.
Compounding the need to pay competitively, independent Robert Half research indicates 92% of IT professionals say they are willing to accept a job offer with a higher salary if they felt they were not being paid a fair salary with their current employer, yet 70% are less inclined to look for a new job after they receive a pay rise.
Pay and salary increases remain a primary motivator for Singapore’s workforce, also indicating IT professionals are more loyal to their company after a pay review. Robert Half Singapore managing director Matthieu Imbert-Bouchard says: “Companies are increasingly implementing new and innovative technologies and demand for skilled IT professionals continues to rise, resulting in upward momentum on starting salaries for professionals in this sector. In a candidate-short market, Singaporean businesses are prepared to pay competitively to secure the best IT talent.”
“With the growing risk of cyber-attacks, many businesses take a pre-emptive approach to cyber-security by either creating their own in-house team of IT security specialists or relying on security consultants. “Companies realise they are competing for a limited pool of top candidates, leaving highly skilled and experienced security analysts, security consultants and IT risk professionals across industries in a good position to negotiate above-average salary gains in 2017.
“Singaporean companies are currently in the race for digitisation and those that are quickest to adapt and at the cutting edge of innovation will be able to gain the strongest market share. Because of this digital acceleration, the shortage of skilled IT professionals who are able to manage complex IT systems, data and analytics projects is becoming more apparent.”
What are the top technology jobs with the highest salary gains?